NOV Inc. (NOV)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 6,376,000 | 6,168,000 | 5,134,000 | 5,064,000 | 5,279,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,376,000K
= 0.00
Based on the provided data, NOV Inc.'s debt-to-equity ratio has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations during this period. A debt-to-equity ratio of 0.00 suggests that the company's capital structure is primarily equity-financed, which could be viewed positively as it reduces financial risk and dependency on external creditors. However, it is essential to consider the broader context and the company's specific industry dynamics to fully assess the implications of such a low debt-to-equity ratio.
Peer comparison
Dec 31, 2024